The U.S. is backing Exxon and Chevron as they negotiate in Venezuela, Iraq, Libya, Algeria, Azerbaijan and Kazakhstan, according to public announcements and people familiar with the talks.

BYD’s Hong Kong-listed shares are down this week after disappointing sales data, extending a selloff that has shaved off more than $60 billion in market value since May.

Stellantis CEO Antonio Filosa blamed predecessor Carlos Tavares for going all-in on electric vehicles and failing to respond to shifts in the marketplace.

Kenta Kon, 57, on Feb. 6 was unexpectedly announced as the next CEO of Toyota, to replace Koji Sato, who will become vice chairman in April after three years in the role. 

Amazon reported fourth-quarter earnings slightly below Wall Street estimates even as sales surged and it reported the fastest growth in its prominent cloud computing business in 13 quarters.

Bob’s Discount Furniture, a home furnishings retailer backed by Bain Capital, rose 0.1% in its trading debut after the company raised $331 million in a U.S. initial public offering.

ConocoPhillips CEO Ryan Lance’s priority in Venezuela is recouping billions his company is owed almost two decades after its oil projects were nationalized, rather than drilling new wells. 

Argentina said it signed a trade and investment agreement with the Trump administration, delivering on President Javier Milei’s commitment to open up the South American economy.

GenLogs, a startup using roadside sensors and artificial intelligence to combat cargo theft and fraud in the trucking industry, secured $60 million in Series B funding, the company said.

Used Class 8 truck sales in December regained positive momentum compared with the prior year after a slight dip ended five consecutive months of year-over-year gains.

While the sale of new machines is set to remain sluggish, growers need to update soon and are increasingly retrofitting existing equipment with AI-packed components.

Three gas-fueled tractors took part in the Messy Middle, the first such powertrains to contribute to a NACFE program since 2019’s Run on Less Regional Haul demonstration.

The fuel-making plant has been slated to close since 2024 and the facility, once capable of processing 139,000 barrels of oil a day, refined its final barrel of crude in late 2025.

FMCSA said motor carriers are being targeted by an aggressive new phishing operation “to steal sensitive information or demand illegal payments” while pretending to represent officials.

In January, Pittsburgh-based R&R Family of Cos. shut down, according to a source. According to the source and court documents, R&R lost the backing of its largest lender.

Shell took on more debt, while maintaining its quarterly share buyback of $3.5 billion and raising its dividend even as volatile oil prices pressure its plan to boost investor returns.

Canadian Prime Minister Mark Carney is set to announce a new system of fuel efficiency standards for cars and trucks, replacing an electric vehicle mandate that was hated by the auto industry.

The report on Feb. 5 also showed hiring intentions slid 13% from a year earlier to 5,306 — marking the weakest total for any January in the firm’s records back to 2009.

Maersk plans to cut 1,000 jobs and focus on cost discipline this year as the container giant seeks to insulate its earnings against deteriorating freight rates with Red Sea routes reopening. 

Daimler Truck North America follows Volvo Truck North America and Mack Trucks in partnering with Class8 to offer carriers technology typically provided by third parties.